Professional Co-op Ready for
For Sale
$499,000
200 N Village Ave 101A, Rockville Centre, NY 11570
Turnkey 1,700 SF professional co-op with flexible use.
Property Size1,700 SF
Price / SF$293.53
Days on Market186
Property Features for 200 N Village Ave 101A
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Commercial
Building Details
Building Size
1,700 SF
Year Built
1950
Stories
1
Listing Agency:
Douglas Elliman
Listed By:
Jessica Hollenstein · License #10401265478
(516) 522-4969
Source:
Elliman
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 24 at 7:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman
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Investment Insights
Based on property information with market context.
This 1,700 square foot ground-level professional co-op features a double-entrance layout suitable for attorneys, medical users, therapists, psychiatrists, and similar professional practices. The space includes seven private offices or treatment rooms, a reception office, a dedicated waiting area, two restrooms, and a storage room. The unit is located in an established, high-traffic area and benefits from strong visibility and convenient on-street parking. The space is fully built out, well maintained, and ready for immediate occupancy. Currently operating as a quiet therapy counseling office, the space offers flexible use, allowing a new professional to customize the space as needed. The bike score is 43, indicating it is somewhat bikeable. The walk score is 33, indicating car-dependent accessibility, and the transit score is 41, indicating some transit options. The monthly maintenance is $2,458.
Key Highlights
- Turnkey, fully built‑out professional space ready for immediate occupancy
- Ideal layout with seven private offices/treatment rooms, reception area, and waiting area
- Double‑entrance, ground‑level access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,824
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,480
$596.5K
Cap Rate 7%
$426,057
$426.1K
Cap Rate 9%
$331,378
$331.4K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$57.7K $33.96/SF
− Vacancy
−$8.0K −$4.72/SF
EGI
$49.7K $29.24/SF
− OpEx
−$19.9K −$11.70/SF
NOI
$29.8K $17.54/SF
Area
Nassau County, NY
Vacancy
13.90%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,480
Cap Rate 7%
$426,057
Cap Rate 9%
$331,378
Alternative Uses
Best Use
Healthcare Medical
$426.1K
$372.8K – $497.1K
NOI $29,824 @ 7.0% cap · market cap 5.98%
Second Best
Office B
$417.6K
$365.4K – $487.2K
NOI $29,232 @ 7.0% cap · market cap 5.86%
Theoretical Best
Specialty Retail
$1.12M
$983.5K – $1.31M
NOI $78,680 @ 7.0% cap · market cap 15.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,734
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11570, NY
29,023
Population
11,368
Households
2.6
Avg Household Size
42
Median Age
62%
College-Educated
95%
High-School Grad
3.6 sq mi
ZIP Area
8,062
Density / Sq Mi
$147,784
Median Household Income
$91,332
Median Earnings
$1,804
Median Rent
$786,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
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- Premier Veterinary Medical Group - Rockville Centre — 120 N Village Ave, Rockville Centre, NY 11570
Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey 1,700 SF professional co-op with flexible use.
Where is this medical office space located?
The property is located at 200 N Village Ave 101A Rockville Centre, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Turnkey, fully built‑out professional space ready for immediate occupancy; Ideal layout with **seven private offices/treatment rooms**, reception area, and waiting area; Double‑entrance, ground‑level access
